TechFinancials Inc has announced its successful £3 million placing and admission to trading on the AIM market of the London Stock Exchange with a market capitalisation of £18.4 million.

TechFinancials is a software developer, supplying a simplified trading solution to online brokers through whom its software is used by traders worldwide. The group supplies software and services to brokers in the rapidly expanding Binary Options market and has recently launched its simplified FOREX trading platform in beta version. It also operates its own online broker site (www.OptionFair.com) which, apart from being a profit centre in its own right, enables the group to trial and evaluate products that it has under development.

The group's trading solution enables online brokers to offer their clients simplified platforms on which to trade. The trading platforms developed by the group are accessible from all leading web browsers and mobile devices including smart phones and tablets (iOS and Android).

We acted as reporting accountants to the transaction, with our capital markets team led by Robin Stevens, Mitesh Patelia and Chris Henderson.

Robin Stevens, partner at Crowe Clark Whitehill, said: “We are delighted to have worked closely with TechFinancials throughout the AIM admission process and we very much look forward to working with the team during the next phase of the group’s planned development.”

Asaf Lahav, CEO of TechFinancials, said:"The capital markets team at Crowe Clark Whitehill contributed to the success of the transaction by delivering efficient and proactive support, advice and commitment throughout.”

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